SCHEDULES
SCHEDULE 2F1... share incentive plans
Annotations:
Amendments (Textual)
Part 3Eligibility of individuals
The employment requirement
15
1
The plan must provide that an individual is not eligible to participate in an award of shares unless the individual meets the requirement in sub-paragraph (2).
2
The requirement is that the individual—
a
is an employee of—
i
the company, or
ii
in the case of a group plan, a constituent company, and
b
if the plan provides for a qualifying period, has at all times during that period been an employee of a qualifying company.
3
In the SIP code “the employment requirement” means the requirement in sub-paragraph (2).
4
This paragraph is supplemented—
a
as regards qualifying periods, by paragraph 16, and
b
as regards the meaning of “qualifying company”, by paragraph 17.
Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)